So Steve Mnuchin has stirred up a bit of a controversy for trying to expense the government flight cost from his honeymoon: https://www.bloomberg.com/news/articles/2017-09-1…
So is it A) What the media would have you believe, a greedy capitalist trying to abuse the public system OR B) The more likely classic case of trying to slip some greasy personal expenses through the old corporate credit card?
| +23 | Funny Things to Say to Interns | 6 | 2d |
| +21 | SpaceX IPO - what are your thoughts | 3 | 4h |
| +18 | Should I use Claude or chatgpt? | 8 | 41m |
| +17 | London's future as a financial centre | 18 | 8h |
| +16 | How did you meet your significant other/partner? | 12 | 19h |
| +9 | Top 5 Artificial Intelligence Software Development Companies | 0 | 2h |
| +9 | Study in Europe and How to Pay Tuition Fees in Europe | 0 | 2h |
| +7 | E ink/electronic notepads | 3 | 2d |
| +7 | Ferrari Luce | 7 | 1d |
| +6 | Test post will be deleted automatically. | 9 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
who the fuck cares. We have bigger problems.
I thought cabinet members were under certain protections. Like Munchin isn't flying commercial.
But I echo above. Who cares. The media is grasping at staws here. I want a list of every cabinet member in the past and what perks they got.
I mean it's not really that big of an issue, hence the touch of sarcasm in the original post.
The logic behind expensing it originally is that he actually is that he needed to do so in the name of National Security, not normally extraordinary in the course of business for a cabinet member. And in terms of previous cabinet members, especially Treasury secretaries, put it this way I'm sure Bob Rubin and Hank Paulson had equally as ridiculous benefits that they could have covered out of their personal fortunes. And the media is only covering it because Mnuchin is working in the Trump administration
I only posted it because I found it pretty amusing that a guy worth around ~$300 million tried to squeeze through $25K/hour flights on an Air Force jet for his honeymoon. Especially due to the fact he tried to justify it on the basis of National Security, a bit puzzling when he is the Secretary of the Treasury.
I hear you, but lets face it, this is news because it is "another instance" of the Trump administration bilking taxpayers. As if the MSM gave the same type of ire whenever Michelle Obama did similar shit. Or did they ever highlight other cabinet members doing this.
Mnuchin is daft and someone needs to tell these non-politicians that this shit looks bad. I could careless as I believe there are real issues to worry about, but the mouth breathing masses eat this shit up.
https://thepointsguy.com/2017/01/how-government-officials-fly/
"Once they become very high-ranking — to the level of a three- or four-star flag officer or an assistant secretary of a cabinet level position — due to the value of their time, private military travel may be approved. The US Navy operates a fleet of C-37As, which are modified Gulfstream V models, that routinely carry the Chief of Naval Operations and other three- or four-star fleet admirals."
So yes, Mnuchin wasn't working so this technically doesn't apply, BUT as a senior cabinet member, he isn't going to be flying commercial for security reasons. As a rich mother fucker, he should have chartered his own plane, but being in the cabinet has perks and he went for them.
I really with Bloomberg.com wasn't such biased, political shit. Bloomberg Markets is good reading, but Bloomberg and Businessweek are garbage.
Yup, fully agree. Also agree on the Bloomberg front, other than bits and pieces of BusinessWeek (namely Matt Levine and Barry Ritholtz), and Markets, Bloomberg has become complete and total garbage. The headlines Bloomberg puts on Facebook rival the level of clickbait only achieved by BuzzFeed haha.
Lost respect for the economist as well. Second someone challenges them on the merits of globalism or helicopter money they become hyperbolic.
Journal articles are the only way to go. Or magazines targeting industry professional. Love Marks Oaktree memos.
Let's focus on Munchy using a jet while we can't enforce basic laws, cut a deficit or have any plan to stop increasing national debt. Disgusting.
Most important part of that, a must read for anyone interested in investing
Deserunt nisi delectus dolor recusandae saepe est aut nesciunt. Aut qui asperiores unde.
Rerum quidem totam ullam dolorum dolorem earum sint. Quam fugiat laudantium iure unde quis accusantium vel dolor. Delectus quae consequuntur vitae eveniet expedita.
Laudantium nostrum ullam vel rerum hic. Maxime sint consectetur aut cum. Mollitia sunt quia est ut. Totam ut laboriosam ab dolorum. Et ut saepe harum. Voluptatem veniam rem est ab autem ut sed possimus. Ea deleniti doloremque odit quae fugit laboriosam rerum.
Enim vero est dolores perspiciatis vel molestiae blanditiis. Illum dicta quia est atque. Explicabo necessitatibus magnam sunt occaecati quis. Sequi itaque repudiandae quia voluptas. Ut qui sed necessitatibus. Deleniti sapiente quia incidunt ex ipsa fugiat debitis vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...